Anti Reflective (AR) Coatings Market Size, Potential, Industry Outlook, Regional Analysis, Application Development, Competitive Landscape & Forecast, 2021 – 2027
Report ID: GMI262
Global anti-reflective (AR) coatings market value will grow with advancements in optical devices and thin-fabrication technologies. The industry forecast will largely depend upon the trend for advanced coating processes such as ion beam sputtering, advanced plasma reactive sputtering and ion assisted deposition.
Anti-reflective coatings—made of thin layers--are applied on the surfaces of lenses to reduce reflection and enhance vision. They are designed to increase transmission and reduce reflection through a lens. AR coatings can virtually eliminate reflections from the back surfaces and are beneficial when used on high-index lenses. ARCs are essential in boosting the efficiency of solar energy harvesting. Notably, a surge in solar panel installations has complemented most of the AR coatings that are very durable and resistant to environmental and physical damage. It is worth noting that the eyewear sector will be the key portfolio for AR coatings manufacturers.
The market penetration will largely depend upon the use of anti-reflective coatings in eyewear and automotive end-use applications. The anti-reflective coatings market share from the eyewear segment is poised to grow at a significant rate. The eyewear application will account for a lion’s share following the demand for fashion sunglasses and eyewear. It has become a viable portfolio for sunglasses given that the coatings can eliminate glare from sunlight reflecting into the eyes. Industry leaders are expected to invest in AR coatings to enhance appearance, increase visual clarity and reduce blue light exposure.
The trend for anti-glare eyewear will fuel the anti-reflective coatings market growth to enhance the vision of the users. Industry participants are introducing adjustable nosepieces with anti-reflective coating for dielectric use.
Anti-reflective coatings have become popular in a range of applications including automobiles, solar panels and electronics. Anti-reflective solutions immensely minimize the magnitude and intensity of light reflecting, paving way for the penetration of the coating in high-resolution displays and devices. Development of thin-film coating for the next-gen devices to resist the harsh handling of mobile devices has become a trend-setter. With the growth in the production of laptops and smartphones and the demand for reflection-free devices, the AR coatings market will derive a considerable share from electronics applications.
Researchers have also developed anti-reflective film that can enhance the sunlight visibility of screens on tablets and smartphones. Several smartphone makers use a sensor to detect bright ambient light and boost the screen’s brightness level. These dynamics make the electronic sector a lucrative segment in the global anti-reflective (AR) coatings market.
Based on technology, ion beam sputtering has become prominent for precision optics, such as beam splitter and mirrors. Notably, sputter deposition has gained impetus in the manufacturing of thin-film heads for disk drives. Ion beam sputtering coating technology will be used for complex spectral designs and is insensitive to environmental changes, including humidity, heat and pressure.
In terms of regional footprint, Asia Pacific anti-reflective coatings market share will witness notable growth. The robust outlook is mainly attributed to the unprecedented production of smartphones and other electronic products in China, Japan and India. For instance, India rolled out a $6.7 billion plan in June 2020 to bolster electronics manufacturing. Moreover, Chinese brands have become popular in price-sensitive markets and will potentially play a pivotal in expanding the regional presence in the upcoming period.
The global anti reflective coatings market is characterized by the presence of leading companies in the landscape. Some of the key vendors are Honeywell International, Hoya Corporation, PPG Industries, Carl Zeiss, Royal DSM, Optical Japan, Essilor International and JSD Uniphase Corp, among several others. Their strategic approach will include R&D investments, collaboration, and product rollouts. Notably, EU is set to give a nod to EssilorLuxottica’s acquisition of Grand Vision. The former had agreed to buy GrandVision in 2019 in a bid to expand its global presence, especially in Europe.
COVID-19 impact on anti-reflective coatings market revenue
The COVID-19 pandemic has impacted the product of electronics and vehicles to a certain extent worldwide. European auto makers as well as manufacturers in the U.S. experienced a considerable period of business interruptions. According to OICA, global vehicle production may have fallen by 15.8% in 2020 as compared to the previous year. Anti-reflective coatings are a key material used during vehicle manufacturing.
Besides the auto sector, electronics manufacturing has also suffered, negatively influencing the consumption of raw materials. Owing to the slowdown in production of goods, the consumption of anti-reflective coatings will have seen a setback during the coronavirus crisis. However, gradual reopening of manufacturing plants to full capacity in the near future will foster the demand for critical components and materials, reinforcing AR coatings market outlook.
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